The fund aims to generate capital appreciation by investing in a passive portfolio of stocks selected from industry leaders on the basis of a mathematical model and offers growth, dividend payout and dividend reinvestment options.

The fund will invest in 11 stocks determined by a mathematical model and the portfolio will be reviewed and reset every month. Out of the total corpus, 9 per cent will be invested in each of the 11 stocks and one per cent will be kept in money market instruments.

The benchmark index for the fund is the S&P CNX Nifty.

The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter, and in case of additional purchase the application amount is Rs 1,000 and in multiples of Rs 1 thereafter, and the minimum redemption fee is Rs 1,000 or 100 units.

The entry load is 2.25 per cent where the purchase amount is less than Rs 5 crore, whereas the exit load in case of redemption on or before expiry of six months from the date of allotment is one per cent and if redeemed after six months and on or before the expiry of one year from the date of allotment it is 0.60 per cent.